Basanite, Inc. (OTCMKTS:BASA) Short Interest Update

Basanite, Inc. (OTCMKTS:BASA) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 30,200 shares, a decrease of 15.6% from the October 15th total of 35,800 shares. Based on an average daily volume of 642,500 shares, the short-interest ratio is presently 0.0 days.

Basanite Stock Performance

Basanite stock opened at $0.03 on Friday. The business has a fifty day moving average of $0.04 and a two-hundred day moving average of $0.02. Basanite has a twelve month low of $0.00 and a twelve month high of $0.08.

Basanite Company Profile

Basanite, Inc engages in the basalt fiber reinforced polymer (FRP) business worldwide. It produces basalt FRP products that are used as replacement for other FRP rebar and industry fiber products, as wells as steel reinforcement. The company was formerly known as PayMeOn, Inc and changed its name to Basanite, Inc in December 2018.